Overview
What is 2Xsalt Inc?
2Xsalt Inc, situated in Monroe, North Carolina, is a nonprofit organization dedicated to empowering the unemployed and underemployed. Their primary focus lies in providing comprehensive job skill training, encompassing various aspects such as culinary arts, beverage service, hospitality, catering, and community outreach. The organization's mission is to foster employment opportunities and encourage volunteering, aiming to uplift individuals in need. With just two dedicated employees, 2Xsalt Inc plays a significant role in skill development and job placement within its community.
Official website here: www.2xsalt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
2Xsalt Inc has received a Two-Star rating from Charity Navigator, indicating average performance in terms of accountability and finance. The organization scored 73% overall, demonstrating strengths in areas such as program expenses, which show that a significant portion of its budget is directed towards its programs. The absence of material diversion of assets is also a positive indicator, ensuring that funds are being used as intended.
However, the organization has notable weaknesses, particularly in governance. There are no independent board members, which raises questions about the oversight and accountability of the organization's leadership. Additionally, the absence of a whistleblower policy and a document retention and destruction policy are concerning, as these are vital for maintaining transparency and ethical standards.
Furthermore, while the organization scored well in financial statement reviews and has a solid liabilities to assets ratio, critical documents such as the tax form are not made available on the nonprofit's website. This lack of transparency may hinder potential donors' ability to assess the organization's operations fully. Overall, while 2Xsalt Inc shows some promise, improvements in governance and transparency are necessary for a stronger evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is 2Xsalt Inc legitimate?
2Xsalt Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2Xsalt Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,311
For more financial information, click here
Official website here: www.2xsalt.org
What is the mission statement of 2Xsalt Inc?
2XSalt Inc, as a non-profit organization, focuses on mentoring and facilitating job skill training in various fields such as culinary arts, beverage service, hospitality service, catering, and community outreach. Their primary goal is to create employment opportunities and volunteer opportunities for the unemployed and under-employed individuals. By providing this training, 2XSalt Inc aims to empower individuals, enabling them to improve their livelihoods and contribute positively to their communities.
Official website here: www.2xsalt.org
Who is the CEO of 2Xsalt Inc?
Bart Kofoed is the President of 2Xsalt Inc.
Official website here: www.2xsalt.org
What is the revenue of 2Xsalt Inc?
2Xsalt Inc's revenue in 2021 was $631,783.
Official website here: www.2xsalt.org
Who are the executives of 2Xsalt Inc and what are their salaries?
The average compensation at 2Xsalt Inc during 2021 was $42,552. There are 2 employees and 20 volunteers at 2Xsalt Inc.
There is 1 key member and their salary:
- Compensation: $72,000
- Related: $0
- Other: $3,794
Official website here: www.2xsalt.org
Where can I find the form 990 for 2Xsalt Inc?
2Xsalt Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.2xsalt.org
Learn more at the official website: www.2xsalt.org
Mission Statement of 2Xsalt Inc
2Xsalt Inc, a non-profit organization, is dedicated to empowering the unemployed and under-employed individuals by providing mentorship and facilitating job skill training in various fields. Their primary focus areas include the culinary arts, beverage service, hospitality service, catering, and community outreach. The organization's mission is to create ample employment opportunities and volunteer chances for those in need, thereby contributing to their personal growth and development. By offering comprehensive job skill training, 2Xsalt Inc aims to equip individuals with the necessary skills to secure stable employment, thereby enhancing their financial stability and overall quality of life.
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Impact
July, 2024
2Xsalt Inc's impact is significant in the community of Monroe, NC. Through its mentoring and job skill training programs in culinary arts, beverage service, hospitality service, catering, and community outreach, 2Xsalt Inc is actively creating employment opportunities for the unemployed and under-employed individuals. By providing valuable skills and support, this organization is helping individuals in need to secure jobs and improve their economic circumstances. Additionally, 2Xsalt Inc's focus on community outreach and volunteer opportunities further enriches the local area and promotes a spirit of giving back. This holistic approach to empowerment and support is making a tangible difference in the lives of many individuals in Monroe.
This information is meant to be a general summary of 2Xsalt Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $615,083
- Gross Receipts: $631,783
Assets and Liabilities:
- Total Assets: $2,267,833
- Total Liabilities: $5,834
- Net Assets: $2,261,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Grinning Mule Income
Revenue
$615,083
Organization Details
Founding Year
2003
Phone
(704) 393-3939Principal Officer
Bart Kofoed
Main Address
6030 Abbey Way, Monroe, NC, 28110
Website
www.2xsalt.orgNTEE Category
Code: N20 - Recreation
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